Frontdoor Intrinsic Value Calculation – FRONTDOOR Reports Q2 Earnings for FY2023, Ending June 30 2023
August 23, 2023
🌥️Earnings Overview
On August 2 2023, FRONTDOOR ($NASDAQ:FTDR) reported their financial results for the second quarter of 2023 (ending June 30) with total revenue of USD 522.0 million, a 7.2% increase compared to the same period in the previous year. Net income rose a significant 112.1% to USD 70.0 million year over year.
Price History
On Wednesday, FRONTDOOR reported their Q2 fiscal year earnings for the 2023 period ending June 30, 2023. The stock opened at $37.2 and closed at $36.9, a 5.7% rise from the previous closing price of 34.9. This news is a positive sign for shareholders and investors, as the company was able to increase from their prior closing price. FRONTDOOR is a technology provider of smart home services and products that help customers to protect and manage their homes more efficiently. The company also offers enhanced convenience and control for customers by providing smart home solutions that are both intuitive and reliable.
In addition to their services, FRONTDOOR also manufactures devices such as thermostats, locks, motion sensors, doorbells, and more. With their Q2 earnings report, FRONTDOOR has shown that they are an attractive investment option for those looking for a profitable venture in a growing industry. The company has proved that they are capable of increasing their stock price and delivering reliable services that customers can depend on. As the smart home industry continues to expand, FRONTDOOR is well-positioned to capitalize on this growth and continue their success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Frontdoor. More…
| Total Revenues | Net Income | Net Margin |
| 1.71k | 127 | 8.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Frontdoor. More…
| Operations | Investing | Financing |
| 160 | -31 | -52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Frontdoor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.14k | 1k | 1.62 |
Key Ratios Snapshot
Some of the financial key ratios for Frontdoor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | -4.4% | 12.0% |
| FCF Margin | ROE | ROA |
| 7.2% | 120.3% | 11.3% |
Analysis – Frontdoor Intrinsic Value Calculation
At GoodWhale, we have conducted an extensive analysis of FRONTDOOR‘s financials. After careful examination, we have determined that the fair value of FRONTDOOR share is around $40.7, as calculated by our proprietary Valuation Line. We believe this is an excellent opportunity for potential investors to benefit from. More…
Peers
Its competitors are E-Home Household Service Holdings Ltd, Buck Hill Falls Co, and Carriage Services Inc.
– E-Home Household Service Holdings Ltd ($NASDAQ:EJH)
E-Home Household Service Holdings Ltd is a provider of home healthcare services in China. The company offers a range of services, including nursing care, rehabilitation therapy, and health management. It also provides home-based services, such as home visits, home health education, and health assessment. The company operates in two segments: Home Healthcare Services and Health Management. It has a network of service outlets in Beijing, Shanghai, Guangzhou, and Shenzhen.
– Buck Hill Falls Co ($OTCPK:BUHF)
Carriage Services Inc is a publicly traded company that provides funeral and cemetery services. The company has a market capitalization of $353.16 million as of 2022 and a return on equity of 43.04%. Carriage Services Inc operates through two segments: Funeral and Cemetery Services. The Funeral segment provides funeral services, cremation services, and merchandise sales. The Cemetery segment provides cemetery property sales, interment services, and other related services.
Summary
FRONTDOOR‘s financial results for Q2 FY2023 ending June 30 2023 have been released on August 2nd. Total revenue for the quarter amounted to USD 522.0 million, a 7.2% increase from the previous year. Net income rose 112.1% from the prior year to USD 70.0 million. This strong performance was reflected in their stock price which increased on the same day.
Investors can take this as an indication of positive results for their investments in FRONTDOOR. The company’s steady growth and strong financials make it a sound investment opportunity and should be considered for any portfolio.
